$NEIRO Pattern Forming ALERT ๐จ๐๐ Analysis Next Move As we see there $NEIRO form descending triangle pattern in 4 hour timeframe
What is Descending triangle pattern ??
Descending triangle pattern had both chances breakout๐ or breakdown ๐ฉธ Majorly it gives breakdown the pattern an price go downward but sometimes it gives breakout and price go up โ๏ธ๐
Recently price gets support on pattern surface which is very strong support area of 0.001620 it hits again and again as you seen in pic.
Bullish โ๏ธ Scenario ๐..
If the price breakout the pattern with candle closing you see pump๐๐ in price I will share the targets if breakouts happend is
T1 0.002000
T2 0.002145
T3 0.002315
Bearish Scenario ๐..
If the price gives breakdown the support area of pattern with candle closing then you see further dump to its previous low area around 0.001250 to 0.001450 Area
So keep eye ๐ on breakout and breakdown the pattern
If you get any kind of help for these analysis then like it I'm doing it for you โค๏ธ๐